Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Stake in Moody’s Co. (NYSE:MCO)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in Moody’s Co. (NYSE:MCO) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,109 shares of the business services provider’s stock after selling 25 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Moody’s were worth $1,046,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. increased its stake in Moody’s by 4.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 608 shares of the business services provider’s stock valued at $289,000 after buying an additional 28 shares during the period. Brookstone Capital Management boosted its holdings in shares of Moody’s by 4.2% in the third quarter. Brookstone Capital Management now owns 1,611 shares of the business services provider’s stock valued at $765,000 after acquiring an additional 65 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Moody’s by 392.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,380 shares of the business services provider’s stock worth $655,000 after acquiring an additional 1,100 shares during the period. Ritholtz Wealth Management raised its holdings in Moody’s by 4.0% during the third quarter. Ritholtz Wealth Management now owns 1,933 shares of the business services provider’s stock worth $917,000 after purchasing an additional 74 shares in the last quarter. Finally, Crestmont Private Wealth LLC lifted its position in Moody’s by 6.9% in the third quarter. Crestmont Private Wealth LLC now owns 1,065 shares of the business services provider’s stock valued at $505,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MCO shares. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. BMO Capital Markets increased their price objective on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Robert W. Baird boosted their target price on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Oppenheimer upped their price target on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, UBS Group raised their price objective on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Moody’s currently has an average rating of “Moderate Buy” and a consensus target price of $507.36.

Insider Activity

In related news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total value of $133,435.66. Following the completion of the transaction, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. The trade was a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 1,124 shares of company stock worth $540,051 over the last three months. 0.07% of the stock is currently owned by corporate insiders.

Moody’s Trading Up 0.1 %

Shares of Moody’s stock opened at $503.51 on Monday. The business has a 50 day moving average price of $482.99 and a 200 day moving average price of $476.38. The company has a market capitalization of $91.24 billion, a P/E ratio of 45.98, a P/E/G ratio of 2.93 and a beta of 1.31. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. Moody’s Co. has a 1 year low of $360.05 and a 1 year high of $506.27.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.